fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Catfish Casanovas Prey on More Romance Scam Victims

Catfish Casanovas Prey on More Romance Scam Victims
Catfish Casanovas Prey on More Romance Scam Victims
February 09, 2022  |  Fraud Attack

Online romance scams happen all year round, but with Valentine’s Day less than a week away, even the smartest people looking for love could get...

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PYMNTS Crypto Crime Series: Bitfinex Using $3.6B Seized in Hacking Arrests to Cover Shadow Banking Losses
PYMNTS Crypto Crime Series: Bitfinex Using $3.6B Seized in Hacking Arrests to Cover Shadow Banking...
February 09, 2022  |  Cryptocurrency

The timing of the arrests of Ilya Lichtenstein and Heather Morgan on charges that they stole $4.5 billion in bitcoin from cryptocurrency exchange Bitfinex in...

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Credit Suisse’s Swiss AML Case Reminds Us That Fraud Is Old School
Credit Suisse’s Swiss AML Case Reminds Us That Fraud Is Old School
February 09, 2022  |  Security & Fraud

Amid the cryptocurrency surges, the wallets coupled and decoupled — in short, the digital revolution in financial services — it seems that the fraudsters would...

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Macy’s Cranking up RFID Use to Combat Organized Retail Crime
Macy’s Cranking up RFID Use to Combat Organized Retail Crime
February 09, 2022  |  Retail

Macy’s has cranked up its use of radio-frequency identification (RFID) technology to protect its assets as reports of high-profile retail thefts are increasing across the...

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Meta Files Lawsuit Over Financial Services Phishing Scam
Meta Files Lawsuit Over Financial Services Phishing Scam
February 08, 2022  |  Meta

Meta has teamed with a financial services company to file a joint lawsuit against two Nigerian individuals for engaging in fraudulent activity, according to a...

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Today in Food Commerce: Consumers Report Loyalty to eGrocers; Chipotle Enjoys Order-Ahead Strength
Today in Food Commerce: Consumers Report Loyalty to eGrocers; Chipotle Enjoys Order-Ahead Strength
February 08, 2022  |  Retail

Today in food commerce, PYMNTS research reveals that today’s grocery shoppers are more loyal to digital merchants than to brick-and-mortar, and Chipotle Mexican Grill continues...

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SpotOn CTO: Restaurants Must Perform ‘Daily Hygiene’ on QR Codes
SpotOn CTO: Restaurants Must Perform ‘Daily Hygiene’ on QR Codes
February 08, 2022  |  ResTech

With the rise of QR codes has come the rise of QR code fraud. Get the Full Story Complete the form to unlock this article...

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Two New Yorkers Arrested for Alleged Conspiracy to Launder $4.5B in Hacked Crypto
Two New Yorkers Arrested for Alleged Conspiracy to Launder $4.5B in Hacked Crypto
February 08, 2022  |  Security & Fraud

In what has been called the largest financial seizure in history, a New York couple was arrested in Manhattan for an alleged conspiracy to launder...

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Crypto Networks Connected to Increase in Reported Fraud
Crypto Networks Connected to Increase in Reported Fraud
February 08, 2022  |  Cryptocurrency

A federal law enforcement network has identified a surge of suspicious activity from San Francisco financial firms, including some of the world’s leading cryptocurrency trading...

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